Insurance – Law & Practice video classes and syllabus

hi guys videos of Insurance – Law & Practice as per icsi new syllabus are getting ready and u can pre-order or for Enquiry whatsapp 8285488836 subscribe here for cs video lectures


To impart knowledge on insurance related concepts to the students with the aim of
broadening professional opportunities in the arena of insurance.
Detailed Contents
1. Concept of Insurance : Risk Management; The Concept of Insurance and its
Evolution; The Business of Insurance; The Insurance Market; Insurance Customers;
The Insurance Contract; Insurance Terminology; Life Assurance products; General
Insurance Products.
2. Regulatory Framework of Insurance Business in India : Development of
Insurance Legislation in India and Insurance Act 1938; Insurance Regulatory and
Development Authority of India (IRDAI) Functions and Insurance Councils; IRDAI
and its Licensing Functions; Policy Holders Rights of Assignment, Nomination and
Transfer; Protection of Policy Holders Interest; Dispute Resolution Mechanism;
Financial Regulatory Aspects of Solvency Margin and Investments; International
Trends In Insurance Regulation.
3. Life Insurance – Practices : Life Insurance Organization; Premiums and Bonuses;
Plans of Life insurance; Annuities; Group Insurance; Linked Life Insurance Policies;
Applications and Acceptance; Policy Documents; Premium payment, Life Insurance
Corporation (L.I.C) of India; Policy Lapse and Revival; Assignment, Nomination and
Surrender of policy; Policy Claims.
4. Life Insurance – Underwriting : Underwriting: Structure and Process; Financial
Underwriting; Occupational, Avocational and Residential Risks; Reinsurance; Blood
Disorders; Nervous System; Diabetes Mellitus; Thyroid diseases; Urinary system;
The Respiratory System; Gastrointestinal (Digestive) System; Cardiovascular
system; Special Senses: Disorders of the eyes, ears and nose; Law of contract; Life
Insurance Contract; Protection of Interest of Consumers.
5. Applications of Life Insurance : Financial Planning and Life Insurance; Life
Insurance Planning; Health Policies; Pensions and Annuities; Takaful (Islamic
6. Life Insurance – Finance : Accounting Procedures – Premium Accounting;
Accounting Procedures–Disbursements; Accounting Procedure: Expenses of
Management; Investments; Final Accounts, Revenue Account and Balance Sheet;
Budget and Budgetary Control; Innovative Concepts in Financial Reporting;
Accounting Standard Applicable to Life Insurance Companies; Financial Analysis;
Management Environment in India; Application of Financial Management Concepts
in Insurance Industry; Taxation (Current Scenario); Anti-Money Laundering
Guidelines and PML Act.; Compliance with IFRS (Involving Broader Concepts).
7. Health Insurance : Introduction to Health Insurance and the Health system in
India; Health Financing Models and Health Financing in India; Health Insurance
Products in India; Health Insurance Underwriting; Health Insurance Policy Forms
and Clauses; Health Insurance Data, Pricing & Reserving; Regulatory and legal
aspects of health insurance; Customer service in health insurance; Health Insurance
fraud; Reinsurance.
8. General Insurance – Practices and Procedures : Introduction to General
Insurance; Policy Documents and forms; Underwriting; Ratings & Premiums;
Claims; Insurance Reserves & Accounting.
9. Fire & Consequential Loss Insurance : Basic Principles and the Fire Policy; Add On
Covers and Special Policies; Fire Hazards and Fire Prevention; Erstwhile Tariff –
Rules and Rating; Documents; Underwriting; Claims – Legal & Procedural Aspects;
Consequential Loss Insurance; Specialised Policies and Overseas Practice.
10. Marine Insurance : Basic Concepts; Fundamental Principles; Underwriting; Types
of Covers; Marine Claims; Marine Recoveries; Role of Banker’s in marine Insurance;
Loss Prevention, Reinsurance, Maritime Frauds.
11. Agricultural Insurance : Glossary of Terms for Agriculture Insurance; Introduction
to Indian Agriculture; Risk in Agriculture; History of Crop Insurance in India; Crop
Insurance Design Considerations; Crop Insurance – Yield Index based Underwriting
and Claims; Weather Based Crop Insurance; Traditional Crop Insurance:
Underwriting and Claims; Agriculture Insurance in Other Countries; Livestock /
Cattle Wealth in Indian Economy; Types of Cattle & Buffaloes; Cattle Insurance in
India; Poultry Insurance in India; Miscellaneous Agriculture Insurance Schemes;
Agriculture Reinsurance.
12. Motor Insurance : Introduction to Motor Insurance; Marketing in Motor Insurance;
Type of motor vehicles, documents and policies; Underwriting in Motor Insurance;
Motor Insurance Claims; IT Applications in Motor Insurance; Consumer Delight;
Third Party Liability Insurance; Procedures For Filing And Defending; Quantum
Fixation; Fraud Management and Internal Audit; Legal aspects of Third party claims;
Important Decisions on Motor Vehicle Act.
13. Liability Insurance : Introduction to Liability Insurance; Legal Background;
Liability Underwriting; Statutory Liability; General Public Liability (Industrial/Nonindustrial
Risks); Products Liability Insurance; Professional Indemnity Insurance;
Commercial General Liability; Directors and Officers Liability; Other Policies &
Overseas Practices; Reinsurance.
14. Aviation Insurance : Introduction; Aviation Insurance Covers; UnderwritingGeneral
Aviation; Underwriting Airlines; Underwriting-Aerospace; Aviation Laws;
Aviation Claims; Aviation Finance.
15. Risk Management : Risk and Theory of Probability; Risk Management Scope and
Objectives; Building up an Effective Risk Management Programme; Important Steps
in Risk Management Decision Making Process; Alternative Risk Management;
Enterprise Risk Management; Business Continuity Management and Disaster/
Emergency / Catastrophe Recovery Planning; Loss Exposures for Major Classes;
Risk Management Checklists.
16. Corporate Governance for Insurance Companies.





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